Wabtec (NYSE:WAB - Get Free Report) insider Nalin Jain sold 7,936 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $264.09, for a total value of $2,095,818.24. Following the completion of the sale, the insider directly owned 6,364 shares of the company's stock, valued at approximately $1,680,668.76. The trade was a 55.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Wabtec Stock Up 0.3%
Wabtec stock opened at $263.53 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market cap of $44.94 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.98 and a beta of 1.01. The company's 50-day moving average price is $234.99 and its two-hundred day moving average price is $211.71. Wabtec has a twelve month low of $151.81 and a twelve month high of $266.27.
Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. Wabtec had a return on equity of 14.12% and a net margin of 10.48%.The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. As a group, analysts expect that Wabtec will post 8.54 EPS for the current year.
Wabtec announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Wabtec Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, February 17th. Wabtec's dividend payout ratio (DPR) is presently 18.16%.
Analyst Ratings Changes
A number of brokerages have weighed in on WAB. Wells Fargo & Company boosted their price target on Wabtec from $224.00 to $270.00 and gave the company an "equal weight" rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on Wabtec from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Wall Street Zen cut Wabtec from a "buy" rating to a "hold" rating in a research note on Sunday, February 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wabtec in a report on Wednesday, January 21st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $315.00 target price on shares of Wabtec in a report on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $269.00.
Check Out Our Latest Stock Report on Wabtec
Institutional Trading of Wabtec
Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Wabtec in the fourth quarter valued at about $409,039,000. Price T Rowe Associates Inc. MD raised its stake in shares of Wabtec by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock valued at $1,700,238,000 after purchasing an additional 1,344,744 shares during the period. Nordea Investment Management AB increased its position in shares of Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock valued at $659,939,000 after buying an additional 1,095,083 shares during the period. Farallon Capital Management LLC lifted its holdings in shares of Wabtec by 68.6% in the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company's stock worth $442,056,000 after buying an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Wabtec by 360.0% during the fourth quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company's stock valued at $188,945,000 after acquiring an additional 692,773 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.
Wabtec Company Profile
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Get Free Report)
Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.
Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.
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